SG Americas Securities LLC has sold 71,777 shares of Sempra (NYSE:SRE), indicating a change in investment strategy. Meanwhile, the company's Q2 earnings fell short of expectations, with revenues also recording a year-on-year decline. Despite this, there are recommendations for investors to add Sempra to their watchlists due to its future potential. However, it should be noted that Sempra shares underperformed compared to its competitors. Even so, their financial performance remains robust amid project delays, with Q2 2024 earnings showing a stronger than expected GAAP EPS of $1.12. Mather Group LLC maintains a $39,000 stake in the company. Looking at future prospects, Sempra issued FY 2025 earnings guidance, while its Infrastructure sector announced an EPC contract with Bechtel for Port Arthur LNG Phase 2, signaling expansion efforts. The company also received an enhanced price target of $84.00 from Evercore ISI analysts. Notwithstanding a 7.2% shareholder loss from the previous year, optimism among investors abounds, with Sempra gaining a reputation as a reliable dividend stock. Its stock price hit a new 1-year high at $81.06, while BMO raised its target to $90.
Sempra SRE News Analytics from Thu, 02 Nov 2023 12:52:17 GMT to Sun, 11 Aug 2024 14:59:14 GMT -
Rating -3
- Innovation -2
- Information 5
- Rumor -2
